Robert Smith

Chris Arnold and Robert Smith, reporters for Planet Money, dive into the alarming world of zombie mortgages, revealing the impact of long-forgotten second loans that resurface, threatening unsuspecting homeowners like Karen MacDonough. They discuss the emotional turmoil and legal battles faced by those suddenly confronted with these revived debts. With insights into the housing bubble and Wall Street's role in this unsettling trend, the episode sheds light on the unsettling reality of predatory lending practices and the importance of understanding our financial landscapes.

Robert Smith and Chris Arnold, NPR Planet Money correspondents, dive into the chilling world of zombie second mortgages. They unravel how homeowners can pay their bills faithfully yet still face unexpected foreclosure. With riveting personal stories, they highlight the emotional toll and legal complexities victims encounter. The discussion wraps up with insights on how homeowners can fight back against predatory lending practices and navigate the murky waters of dormant debts that suddenly awaken.